Conversion of Securities
19 Abril 2012 - 8:39AM
UK Regulatory
TIDMBHUE TIDMBHCF
BlackRock Hedge Selector Ltd
("the Company")
Conversion of Shares
The Company announces that it has received Conversion Notices in respect of the
30 June 2012 Share Conversion Date from shareholders in respect of 1,526,000 UK
Emerging Companies Shares which will be converted into Cash Fund Shares.
Conversion will occur on the Share Conversion Date of 30 June 2012 or shortly
following receipt by the Company of the proceeds of redeeming its shares in the
underlying fund.
The number of Cash Fund Shares that a Shareholder will receive as a result of a
conversion will be equal to:
A
-
B
where:
A = the aggregate Net Asset Value of the UK Emerging Companies Shares to be
converted as at the Underlying Fund Dealing Date for the UK Emerging Companies
Shares less: (i) the costs and expenses of effecting the conversion and (ii)
such other amount as the Directors may in their absolute discretion determine
is appropriate to ensure fair treatment of the remaining holders of UK Emerging
Companies Shares and the existing holders of Cash Fund Shares; and
B = the Net Asset Value per Share of the Cash Fund Shares as at the Underlying
Fund Dealing Date for the UK Emerging Companies Shares (including, for the
avoidance of doubt any net income received or receivable by the Company in
respect of its assets attributable to the Cash Fund Shares but not yet
distributed).
Shareholders will not be able to deal in Shares subject to a conversion request
between the date on which the Share Conversion Instruction for Certificated
Shareholdings or USE message, as appropriate, is received by Computershare
Investor Services PLC and the actual date of conversion.
Fractions of Shares arising on conversion shall be rounded down to the nearest
whole Share, therefore the aggregate NAV of those Shares held after conversion
may be less than before the conversion.
Converting Shareholders will be notified upon the conversion taking place.
Enquiries:
Ed Bellew
Company Secretary
BlackRock (Channel Islands) Limited
Tel: 015 3460 0802
Date: 19 April 2012
END
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